Karachi: Meezan Bank, a prominent Islamic bank in Pakistan, has extended its Shariah Technical Services and Advisory Support to Stylers International Limited (SIL), assisting the company in obtaining the Securities and Exchange Commission of Pakistan's (SECP) Shariah Compliance Certificate. This achievement places SIL among the few companies listed on the Pakistan Stock Exchange (PSX) that are certified as Shariah-compliant.

Meezan Bank's Shariah Advisory Unit conducted a thorough review of SIL's constitutive documents, internal policies, and operational frameworks, ensuring they met the requirements of the Shariah Governance Regulations, 2023. The review encompassed critical areas such as human resources, finance, operations, marketing, procurement, and corporate governance, ensuring comprehensive adherence to Shariah-compliant practices.

An essential part of this process included a Shariah screening of SIL's audited financial statements for the fiscal year ending June 30, 2025. The screening confirmed that SIL had no exposure to interest-bearing debt, Shariah non-compliant investments, or impermissible income.

Meezan Bank continues to support SIL's Shariah compliance through ongoing monitoring, periodic compliance reviews, and day-to-day advisory on business operations. This engagement is complemented by capacity-building initiatives, including structured training programs, to ensure the sustainability and effectiveness of SIL's Shariah-compliance framework.

Syed Tariq Ali, Head of Investment Banking & Shariah Advisory at Meezan Bank, emphasized the significance of this collaboration, stating that it reflects the bank's commitment to promoting Shariah-compliant corporate practices in Pakistan.

Javed Arshad Bhatti, Chairman and Director at Stylers International Limited, expressed his gratitude and described the accreditation as a milestone for SIL, reinforcing their commitment to ethical and faith-aligned practices.